A ton of coal purchased by your local utility to burn to make electricity would be best described as:
| an intermediate good. |
| a used good. |
| a financial good. |
| a final good. |
A ton of coal purchased by your local utility to burn to make electricity would be best described as an intermediate good because it will be used to produce electricity.In other words it will play the role of input in the production of electricity therefore will not considered a final good
Thus it is an intermediate good
so first option is correct
A ton of coal purchased by your local utility to burn to make electricity would be...
32 Suppose a utility generates electricity with a 36 percent efficient coal-fired power plant emitting the legal limit of 0.6 lb of SO2 per million Btus of heat into the plant. Suppose the utility encourages its customers to replace their 75-W incandescents with 18-W com pact fluorescent lamps (CFLs) that produce the same amount of light. Over the 10,000-hr (a) How many kilowatt-hours of electricity would be saved? (b) How many 2,000-lb tons of SO2 would not be emitted? (c)...
Suppose your firm produces electricity by burning coal. currently it buys Central Appalachia 12500 BTU per ton coal at the market price of $52 per ton. Average cost to produce coal is 35 per ton. So your firm considers buying the mine and saving $17 per ton of coal burned. Each power plant burns 1.4 million tons of coal per year. Is this a good idea? Why or why not?
A firm that purchases electricity from the local utility for $350,000 per year is considering installing a steam generator at a cost of $280,000. The cost of operating this generator would be $230,000 per year, and the generator will last for five years. If the firm buys the generator, it does not need to purchase any electricity from the local utility. The cost of capital is 13%. For the local utility option, consider five years of electricity purchases. For the...
A firm that purchases electricity from the local utility is considering installing a steam generator. A large generator costs $280,000 whereas a small generator costs $210,000. The cost of operating the generator would be $100,000 per year for the large and $125,000 for the small. Either generator will last for five years. The cost of capital is 9%. For each generator option, assume immediate installation, with purchase and operating costs in the current year and operating costs continuing for the...
A firm that purchases electricity from the local utility is considering installing a steam generator. A large generator costs $290,000 whereas a small generator costs $170,000. The cost of operating the generator would be $300,000 per year for the large and $320,000 for the small. Either generator will last for five years. The cost of capital is 11%. For each generator option, assume immediate installation, with purchase and operating costs in the current year and operating costs continuing for the...
Duke Energy manufactures and distributes electricity to customers in the United States and Latin America. Duke recently purchased Cinergy Corporation, which has generating facilities and energy customers in Indiana, Kentucky, and Ohio. For these customers Cin- ergy has been spending $725 to $750 million each year for the fuel needed to operate its coal-fired and gas-fired power plants; 92% to 95% of the fuel used is coal. In this region, Duke Energy uses 10 coal-burning generating plants: five located inland...
Duke Energy manufactures and distributes electricity to customers in the United States and Latin America. Duke recently purchased Cinergy Corporation, which has generating facilities and energy customers in Indiana, Kentucky, and Ohio. For these customers Cin- ergy has been spending $725 to $750 million each year for the fuel needed to operate its coal-fired and gas-fired power plants; 92% to 95% of the fuel used is coal. In this region, Duke Energy uses 10 coal-burning generating plants: five located inland...
18. Carla purchased cupcakes and milk until the marginal utility per dollar spent was equal for both goods. If the price of the cupcakes was $3 and the price of milk was $1.50, then: A) the marginal utility of cupcakes is two times the marginal utility of milk. B) the marginal utility of milk is two times the marginal utility of cupcakes. C) the marginal utility of both goods are equal. D) milk has a positive marginal utility, and cupcakes...
18. Carla purchased cupcakes and milk until the marginal utility per dollar spent was equal for both goods. If the price of the cupcakes was $3 and the price of milk was $1.50, then: A) the marginal utility of cupcakes is two times the marginal utility of milk. B) the marginal utility of milk is two times the marginal utility of cupcakes. C) the marginal utility of both goods are equal. D) milk has a positive marginal utility, and cupcakes...
1. (15%) Consider a market for a good or service of your choosing in your local town (be specific). Suppose you are planning to conduct a study of this market. a. List at least two specific factors that you believe would cause changes in market demand. Based on this, write out a hypothetical demand function (i.e., in equation form, write out how quantity demanded depends on price and the two factors you chose). The coefficients on your two factors should...